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paralyze shipping, for making a very difficult for goods to get into the area. port workers along the east coast could go on strike in just a few days. kim dacey joins us live from self baltimore with more on what it could mean for our area. >> ledgewood -- could be the biggest port strike along the eastern seaboard in 35 years. it would affect about 2000 workers in baltimore alone. about $55 billion of cargo a year goes in and the port and according to the port administration, 108,000 jobs linked to activities at the port. if negotiations between the maritime alliance and international longshoremen are not going well. unless an agreement is reached by midnight sunday, there would be a complete shutdown of all ports, from maine to texas. a report spokesperson said there is a possibility the strike would only be partial and would only affect cargo in containers because warranties for workers of that type of cargo is the big sticking point. that could avoid a stoppage of automobile shipments and cruise ship operations. >> if containers remained to be the focal point, we think it could be a b
enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the highest level since july. one bright spot though was on the housing fnt. the monthly case-shiller report found october home prices rose 4.3% mpared with a year earlier. the data giving a late sign of recov
at the wrong time? in today's cover story, from the port to the picket lines. an east coast port strike threatens to rattle the economy. after years of cutting out credit card use, why shoppers are getting back into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantag
deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the co
and well. latest fm threatening stris as more than dozen up shipping ports. big deal you say? very big deal and here's why. a lot of stuff in the ships that frequent ports, everything from electronic items you found a hard time getting your hands on this holiday season to basic consumer staples like fruits and vegetables you might not find anywhere. unions navigating uncharted waters and going at our wallets because any delay getting stuff off the ships i tell you is going to be big, ship. and i'm not, shipping you. i practiced that repeatedly. in fact, after you hear what we're about to tell you will almost wish the mayans were right. now the cost of living has just gone way, way up. to melissa francis, who says we don't need any of this. caroline heldman who said unions are actually entitled to do this. caroline, oh mayan, you have some explaining to do. what do you think? >> well, neil, i think that wages hhve been stagnant since the early '80s because of decline in unions. that unions make wages 28% higher. neil: artificially higher. artificially higher. >> wages have not kept up with i
for many of those goods. the ports of los angeles and long beach, california. they are critical, because those ports handle about 39% of all the goods that arrive by ship. it came to about $200 billion worth this year. what's behind this strike? here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the activity going through this port. >> reporter: the ports are clogged with 16 ships waiting to be unloaded. another six are anchored off the coast. >> if the ships are not working, the truckers are not working, the warehouse people are not working. it will ripple through the supply chain. >> reporter: it doesn't take much of a delay to cause problems for people. >> no.
are there in a bit. >> repor strike looming at the port of baltimore and ports along the east coast. why thousands of longshoremen could walk off the job this weekend and what it could mean for our economy. >> linda so looking cold downtown. we have temperatures in the 30s. how about 600 miles to the south in west that's a snowstorm for tomorrow. details coming up. >> reporter: my 69 -- mike, 695 is nice and clear. i will let you know what traffic looks like on 95 and 83. all coming up on good morning maryland. >>> good friday morning. this is your abc2 news to go i am megan pringle. >> i am charley crowson. meteorologist mike mat co changes could be on the way but not right now. >> look at how beautiful this is chesapeake beach. man it's chilly. the airport 33 degrees and westerly wind at about 3. so that's making the temperatures feel like they are in the 20s. it's 3 # elders-- 32 eldersburg. baltimore city at 39. winter weather advisory towards northern harford county and cecil county. you get the deal. clouds will be in here during the course of the afternoon 600 miles to the south and west th
to walk out of ports this weekend. jonathan gould said this strike would make things worse. jonathan, what is the impact to the retailers? >> thank you very much, tom, impact for not only retail industry but all industries rely on the ports for imports and exports will be significant if they are allowed to shut down for any length of time witness once the contract expires this weekend. tom: from department stores to lumber, and auto, will one be hurt worse? >> this will be wespread across all industries, including retail, manufacturers who rely on inputs to production, farmers trying to get theirroducts overseas, and trucking companies who rely o ports to move containers in and out, this will be wide spread. for all industries who rely on the ports, in and out of u.s. tom: what is the fight? what is the problem? >> well i think there are a number of issues that need to be discussed between the unions. we're not taking issues on any -- positions on any of the issues, everything from container royalties, to jurisdiction issues, and from management side issues with regard to work rules and ef
shawan mmp 3 a major striie at 15 major east coast ports.. including the poottoffbaltimore could would affect billions of dollars of cargo along the coast.the contract between he inteenational longshoremen association and the u-s maritime alliince... whichh and port operators... is et to expire one minute ast midnight ec 30th.tteeissuee? reduce "contaaner royalties." if a deal isn't reachee... a strike could stoo all container traffic aa the port. (7708) the port of baltimore is ne of maryland's largess eceonice gernerators so any type of ork action hat may stoppage of work would have an effect.morr ttan 100 organizations have urged ppesident obama to order an 88 ddy cooling off period but right now there is no administration will move in thattdirection.losing the ports to a shutdown.. even ffr a few ays.. could cost the economy billions of dollars. 3 a high-stakes meeting will be held in washington today.... betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fisc
how soon you can expect rain. >>> another major shakeup at the port of oakland, as ktvu don'ting -- continues the investigation of questionable spending into public money. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. >>> there's been another shakeup at the port of oakland of questionable money of public money. james kwan is now spending down. the announcement comes as the port released an internal audit. the audit says some of the port's credit cardholders squirted spending limits on single transactions. it also says more than $67,000 in extravagant gifts may violent state and federal laws and that some expenses expose the port to tax liabilities. >> it's something that we take seriously and are not gonna close our eyes to. we're gonna look at it and make sure mistakes of the past are not repeated. >> quan is the second executive to step down. omar benjamin refired last month -- retired last month. th
. that does not sound like they moving the ball forward. >>shepard: in public. >> a strike at major ports in california could make it harder to find gifts this holiday season. we will have an update on negotiations. and iran military leaders say they captured a united states drone. again. but the united states says hang on, iran, so what is this thing the iranians are showing on iranian state tv? that is ahead. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >>shepard: officials are denying claims that iran has captured another american drone. the denial is after iranian state television aired images of thi
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
strike by longshoremen. union leaders for nearly 15,000 dock workers at every port from texas to maine say they'll walk off the job on sunday. we asked anna werner to find out how a strike would hurt the u.s. economy. >> reporter: the port of houston handles 42 million tons of cargo every year. it extended its hours this week to try and get shipments in and out before a strike can bring the port to a standstill. jim gillis is vice president of gulf intermodal services, a container trucking company. >> we've seen a dramatic increase in volumes and congestion as a result. >> reporter: what happens if they can't get all the goods out of the port? >> you have containers being held in yards around the houston area, specifically, so you're going to see stores are going to have problems stocking. >> reporter: negotiations between the international longshoremen's union and the shipping companies are deadlocked over a proposal to cut royalties paid to 15,000 dock workers for each ton of cargo they move. a shutdown would affect 15 ports on the east and gulf coasts, including new york, baltimore,
. how much money as the port authority gone through and how much are they overbudget? >> originally in the first month after 9/11, when the port authority had a first financial where they put out, they said we are not going to have to pay the cost of this in rebuilding. and they said that we are going to get all of this money for the federal government. do not worry. ten years later, they had borrowed nearly a billion dollars. after the storm, they thought they were getting all this free money from washington and they didn't spend it very well. >> all right, why is the port authority involved in the first place? are they supposed to run the bridges and tunnels and transportation? i don't get it. >> one of the things about the port authority is it is a bistate agency. new york and new jersey governors run. what they have done is use it as a slush fund, kind of off the books government. voters don't really have any say in it. they collect all of their money. the tolls just went up and all of the hudson river crossing the port authority controls. it is now $13 to go across the george w
that would hit ports stretching from massachusetts to texas could have a ripple effect on the national and global economy. just days after a west coast port strike was resolved, this new walkout is being threatened by nearly 15,000 longshoremen union members who are upset over wages and royalty payments. the strike would cripple 15 different ports. the union did not answer our calls, but the national retail federation says the walkout would cause a national economic emergency, and urges president obama to use "all means necessary" to prevent a strike. "we thnk the ripple effect would be fairly significant. all the industries that rely on parts, both importers and exporters, manufacturers, farmers, truckers, rail, you name it, all rely on the ports to move the nation's and global commerce." that was jonathan gold, vp of the national retail federation. the current contract expires at midnight on december 29th. lawmakers remain divided today over a deal to avert going over the fiscal cliff. last night, the house passed legislation known as plan b, which raises taxes on americans earning $
in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have
such a deadly weapon? what's the gunman began in 1996 port arthur massacre was from new town, australia and. within days, australia, a country of hunters, passed the strictest gun control legislation in its history. there have been no mass killings since. the academy award winning filmmaker michael moore, the director of "bowling for columbine," response to the sandy hook massacre. >> there are crazy people and there are shootings and killings in norway and france and germany, but there hasn't been 61 mass killings like there have been in this country to a sense columbine. >> and the nra facebook page has gone dark. we will speak with lisa graves about big guns and big money. all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. residents of newtown, connecticut, have begun holding the first of many kernels for the 27 victims killed in friday's shooting rampage at sandy hook elementary school. on monday, noah pozner and jack pinto, 06 years old, were laid to rest in small caskets. more funerals are slated today including two m
. this is the looming port strike threatening to shut ports from boston, miami and beyond. florida governor rick scott telling the media a strike will be devastating to his state's economy. governor's right but it's an entire nation about to get slammed. brent is the president of miller and long construction. we import -- we pointed out somewhere around 65% of international trade hits the ports. we import cars, we import produce, we import oil and gas. explain how this will affect the prices for people watching right now of everything. >> well, it will be very significant in a lot of ways. we're talking about eleven ports, basically from boston pretty much all the way around to houston. the reason governor scott is concerned is there are four ports in florida that will be affected. this is containerized shipping. electronic goods, food stuff and things like that. it could be massive impact, especially in this -- we had retailers getting trouble getting back on track. it will affect everybody's pocketbook eventually. >> eric: tell us how it trickles down to the consumer. >> basically everything will be
the cliff- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andthat is a cause for optimism in the merger market. m & a has been fantastic. 9 market has been okay. it's not been at the terrible but it's been good. it's been held back by the negativism that was focused on the eu and this ye
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center.
's biggest ports is now over. the deal that got workers back on the job is next. plus, fire bombs and bullets in the country that is supposed to be keeping the israelis and be keeping the israelis and palestinians from going to war. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >>trace: new revelations of the deadly 9/11 attack at the consulate in libya. on capitol hill lawmakers watched multiple videos of the strike. they show a crowd gathered outside and a lawmaker who asked not to be identified said and i quote, "it's amazing how casual they are, it is fought like they just stream in, they are dancing aro
crippling port strike grows. have you heard about this? if workers walk off the job on december 30th, we're looking at a billion dollar a day hit tothe economy. that is a great way to start out 2013. even when they say it's not, it is always about money melissa: all right. first let's take a look at the day's market headlines. stocks falling off today after two-day hot streak with all three major indices closing in the red. investors spooked by bad housing data and all that nonsense in washington. w closing down almost 99 points. another rough day for gold. a rise in homebuilder confidence driving investors away for a two-session loss ofnearly 2%. right now gold is hovering around $1670 an ounce. oil futures for a fourth straight session of gains, crude oil for january delivery gained 1.8% to settle at $89.51 a barrel. >>> all right. we're going to start tonight with a special holiday treat. it's the week before christmas and all through the house, lawmakers are frantic and starting to grouse. not from the cliff, though they do say they care, but from more and more bailouts which could s
.com/pricerewind. >>> as if the looming fiscal cliff wasn't enough to worry about, now 14,000 dockworkers at ports from massachusetts to texas are threatening to go on strike sunday. that could cost americans billions of dollars, because shipping costs on everything from shoes to cars would skyrocket. cnn's brian todd is at the port of baltimore. >> reporter: victor, this is a crucial port for commerce in this region. this is the seager terminal in baltimore. you see a containership to my right, the terminal on my left. over my left shoulder, 600,000 containers move through the port of baltimore every year, billions of dollars' worth of goods but that could all come to a grinding halt if the dockworkers and the shipping companies can't reach a deal. they moved everything from our cloths to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores if longshoreman from maine to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the imp
washington should not pull out the rug from under this rebound. ship wreck, massive port strike that could happen this weekend halts commerce for the country. top of the hour, stocks now and every 15 minutes, lauren at the new york stock exchange. stocks down, but it could be worse, lauren. >> it could be worse. at one point, after 109 points, and now down 59 on the second to last trading day of the year. the nasdaq, believe it or not, is the winner today, down by just about .16%, doing the best of the three major averages. i point that out because for the month of december, the nasdaq is the only major average negative. it's interesting to know we started the year with nasdaq at 26.0 # 5, and now at 29.81, we came a long way. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will
are jumping ship. and is there a republican doom's day scenario developing? a southern california port strike is costing $1 billion a day. they are turning down $190,000 salaries. here is the question, will the president end this strike? and tens of thousands of egyptians storming the palace. is egypt about to blow up into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a s
bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha
their next step. >>> checking area headlines. one last step needed to end a labor dispute between the port of oakland and its union. last month the workers went on a 24-hour strike that disrupted port operations. the tentative agreement includes a 2.5% cost of living increase range. the contract goes to the board of port commissioners for approval. >>> the man accused of kidnapping and killing sierra lamar will be arraigned on new charge said tomorrow. garcia-torres has been accused of three other attempted kidnappings. the incidents took place in 2009 all in safeway parking lots. >>> cal students are calling to a ban to the salvation army from campus after allegations of being insensitive to lesbians and transgenders surfaced online. university officials are considering a campus wide ban. the salvation army denies any kind of bias. >>> sad news out of the entertainment world. popular mexican american singer jenny rivera is believed dead after a jet carrying her and others crashed near mexico. rivera appeared in concert last night. she was born and raised in long beach. she was named billb
- hanger over the nation's east and gulf coast ports, is almost over. federal mediators say dockworkers represented by the longshoremen's union and the u.s. maritime alliance are close to finalizing a new labor deal. so close, that they've extended the deadline on negotiations by another 30 days. this heads off a strike that could have begun on sunday, crippling 14 important ports. the possibility of a strike worried retailers, manufacturers, and farmers, and risked losses in the billions. >> susie: our next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andtn the merger market. m & a has been fantastic. 9 market has been okay. it's not been at th terrible bus been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and e
'll show you how mort discovery threw -- port discovery threw one for them. >>> and some are using a tragedy to make a profit. we'll show you how your donations can go to the correct place. >> three degrees off, no winner this time. wintry showers. will that be the case to start off hour 2013? we answer that straight ahead on abc2 news at 6:00. >>> last week we warned you about scammers using the name of sandy hook to cash. a woman was arrested for doing that. joce sterman has details in this week's scam alert. 33 croorld noelleal ba hides her face. the victim -- the fbi claims alba set up a charity scam potion as the aunt of 6-year-old victim noah posner. >> it's disheartening. i don't know how people can do it. >> reporter: vicky has scene how low scammers can g she's the god mother of benjamin wheeler. his name has been used in a money grab. >> the money is not set up going to him. it's in his name for someone else. >> reporter: a legitimate fund has been set up but vicky said they did it the right way with the family going through a bank. >> that is the only safeguard way to ma
coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunday. those ports move about 40% of the nation's container cargo traffic. we enjoyed sunshine across the region, but the big story is tomorrow's potential snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we do have a winter weather advisory set to go into effect late tonight into the day tomorrow. north and west of d.c., including frederick maryland, and the panhandle of west virginia. what to expect and when co
obama will be david gregory's interview -- guest on meet the press. that port strike is averted for now. the longshoremen union has expired -- extended their expiring contract by 30 days. it puts off a strike by more the 14,000 longshoremen at 50 ports across the country, including here in baltimore. a strike with the crippled operations at ports. it's reported major steps have been taken towards resolving this ongoing dispute. an abrupt end to the career of one long term maryland civil- rights leader. carl snowden will retire january 8. the office of the announcement earlier today. the decision comes amid legal problems. he was convicted last month of marijuana possession and has a court date for violating his probation in a drunk driving case. tonight was a reversal of fortune for morgan state university's president. the board of regents voted to renew his contract, weeks after voting not to. >> president wilson was diplomatic when i inquired about what led up to this controversy and why it suddenly ended in his favor, instead of pointing the finger at his critics, he took the high ro
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